Frontier - took CAF funding. CEO took huge payouts CEO buys Ferrari Frontier - Declares bankruptcy
Limitless Mobile - gets 35 million Builds multi county “rural” broadband network in the most populated areas of the counties. Promptly declares bankruptcy > On Jan 30, 2020, at 4:27 PM, Adam Moffett <dmmoff...@gmail.com> wrote: > > A clever enough cheater will always find a way to cheat, but you can't make > it too easy. > > For NY BPO "Connect NY" there was physical verification that each piece of > equipment you bought actually existed somewhere.....whether in the field or > in storage. The auditor seemed satisfied with a list of serial numbers plus > photographs of all the installations. We made it very well organized for > them: "Rectifier A, Backhaul B, and Base Station C are located at Site X. > Here are our installation photos from Site X." > > You probably wanted good records of what's installed anyway, and if someone > takes the time to fake all of that, then maybe they deserve their Ferrari. > > Can you think of a project where there was blatant fraud like that? I can > certainly think of times when they made poor product choices, or ended up > with unused equipment due to a design change in the middle of the project, or > they bought 20 of the wrong thing and had to go back and buy 20 of the > correct thing......or something was otherwise screwed up or mismanaged. I > actually can't think of any project where people bought personal toys (like a > Ferrari) with public funds, or any other type of fraud along those lines. If > you saw something like that, I hope you reported it. I used it as an example > of what people would do if there was no auditing. There is auditing and > consequently I don't think people are doing that. > > >> On 1/30/2020 4:12 PM, Matt Hoppes wrote: >> Except that there IS auditing now... and we DO end up with this exact >> scenario happening currently. It's not stopping it. >> >>> On 1/30/20 4:08 PM, Adam Moffett wrote: >>> I'd rather not stress over audits, but auditing is a necessary evil IMO. >>> If there were no auditing then there's someone, somewhere who would buy a >>> Ferrari and supply a fake invoice for rectifiers instead. I'm sure everyone >>> on this list can think of someone they've dealt with who ought to have >>> their homework double checked. -- AF mailing list AF@af.afmug.com http://af.afmug.com/mailman/listinfo/af_af.afmug.com
